ACI Worldwide & the Internal Revenue Service to Offer New Tax Payment Options for Taxpayers—Including Unbanked & Underbanke...
March 02 2021 - 8:00AM
Business Wire
ACI is the first and only provider to make cash
transactions possible for taxpayers through new digital barcode
feature
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time digital payment software and solutions, today announced
that the Internal Revenue Service (IRS) will allow taxpayers to
make cash transactions through a new digital barcode feature using
ACI Payments, Inc.*
Once taxpayers are validated by the IRS, they can obtain a
barcode – made possible through ACI and InComm Payments’
VanillaDirect Pay. Taxpayers can then take the barcode payment
token to over 60,000 participating retail agents (including Dollar
General and Family Dollar stores) with the appropriate amount of
cash to cover their tax debt and any associated service fees.
Together with the IRS, ACI is the first organization to provide
this type of cash payment option for taxpayers in the U.S.
While the pandemic has caused financial difficulty for many
consumers, the lack of cash payment options due to the closure of
some physical locations and merchants’ push for digital payments
puts the unbanked and underbanked populations at a further
disadvantage. With ACI Payments, Inc. the IRS not only increases
the payment options available to all taxpayers but makes it easier
for these consumers to pay their taxes in a way that works best for
them.
A recent ACI Speedpay Pulse study showed that more than a third
of consumers will take at least six months to catch up on missed
bill payments due to COVID-19, and 1 in 10 consumers reported
having past-due monthly bills as a direct result of their financial
situation during the pandemic.
“As consumers contend with making payments amid the financial
strain caused by the pandemic, offering more and convenient payment
options will help taxpayers complete their payments,” said Sanjay
Gupta, executive vice president, ACI Worldwide. “ACI is committed
to providing a wide array of cost-effective payment methods and
channels to help the IRS make payments easier for taxpayers.”
ACI is the longest-tenured service provider for the IRS and has
processed more than $25 billion in IRS tax payments securely for
more than 20 consecutive years.
*ACI Payments, Inc. (formerly Official Payments), is an ACI
Worldwide company.
About ACI Worldwide
ACI Worldwide is a global software company that provides
mission-critical real-time payment solutions to corporations.
Customers use our proven, scalable and secure solutions to process
and manage digital payments, enable omni-commerce payments, present
and process bill payments, and manage fraud and risk. We combine
our global footprint with local presence to drive the real-time
digital transformation of payments and commerce.
© Copyright ACI Worldwide, Inc. 2021
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and
all ACI product/solution names are trademarks or registered
trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in
the United States, other countries or both. Other parties’
trademarks referenced are the property of their respective
owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20210302005073/en/
Media Dan Ring dan.ring@aciworldwide.com 781-370-3600
Nidhi Alberti nidhi.alberti@aciworldwide.com 781-370-3600
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